Will negative gearing go while people like Albanese have six houses? These people end up paying virtually no tax. Why do politicians say the are going to be clear before they start lying?
Albasleeey has been on the TEAT of AUSTRALIA for ALL HIS LIFE. He has never worked in a REAL JOB and gathered money like most LABOT POLIES DO, by IMBEZZLING or diverting funds to SELF. A couple of houses is CHICKEN FEED FOR HIM, PLAY MONEY. CORRUPT TO THE CORE TROTSKY COMMO is his ILK!
and if Albo didn't have those houses, you'd have 6 less available for rent -- you either get higher rents, lower rental availability, higher home buyer levels -- or you get lower rents, higher rental availability, lower home buyer levels -- no magic solution to anything -- just swings and roundabouts -- I don't care what they do as long as they provide reasonable lead times for people who have made investment decisions and retirement plans based on policy
They don't wanna touch negative gearing for investor because they, themselves, own many houses and use negative gearing paying less or maybe no tax! They both lied!!!
Hold on. In 2019: the ALP took it to the election and got smashed. Now you wonder why ALP doesn’t want to do it. And let her talk stop interrupting. They are journalistic standards and she ain’t following them, letting the LNP speak and out their point forward.
Talking about cutting negative gearing costs politicians votes! Only an idiot would do the same again and expect a different result. It's always easier to never give something than to take it back. Politicians do what is popular, not what is right.
The answer is YES, they have asked treasury to do this. Her lie is very obvious. Treasury would not embark on something this controversial without been asked.
This will push rents up further, if landlords can't get the tax break from the rent not covering the mortgage, an imbecile can see what they will do!! Raise rents so they do cover the mortgage.
Scrapping negative gearing and tax concessions will benefit Australia in the long term, making housing more affordable and helping Gen Z and Alpha achieve home ownership. Don't be one-sided by claiming rent will increase, it has many long-term benefits.
What happened to the removal of stamp duty when the GST was introduced? A government cash cow. Think how many times stamp duty is paid...on the SAME property (=each time it is purchased). How much of a cash cow? E.g "23.970 billion in Australian property stamp duty during 2020-21, which was a 7.6% increase on the year before." And it's much more now 😮
Labor at it again negative gearing I had several homes sold them Tennant repairs landlord insurance home ins repairs agents fees solicitors cost etc not worth it
Let’s end negative gearing and give Aussie families a fair shot at owning a home! Why are we still supporting wealthy investors while everyday Australians struggle? It’s time to put families first and stop feeding the rich!
Funny how Labor has pushed Shorten to debate Dutton on Negative Gearing, knowing well that Billie is retiring and most importantly with only one house instead of six that PM is holding !
Rort for the rich and robing taxes from the workers has been many years something dune faster the better support the country faster than legal crimes 😢😮😅😊
There are Australian precedents here, why are they not mentioned. Perhaps, if you look, there were lessons learned in the past but are no longer liked by the establishment now or by current renters or prospective renters. I am of the opinion everyone whinges today just for whinging sake. My answer to this problem those many years ago was to have two jobs and stop spending unnecessarily. At times I also had a spare time cleaning job; add up all of these working hours per week and yes it was over 100 per week and I kept it up for just short of two years and as well I also had a wife and young child and rented. It works and it is still available to all. I succeeded as I just never give in, it takes guts, it takes purpose and it has a good ending and it was all worth it.
Looking at three property investors there. why is no one concerned for the millions of ausies locked out of the housing market? because we keep on voting Labor/Liberals.
@@1490aap I find this reply amusing. My generation (1950was taught to not look over the fence, you were on your own so work for it. No feeling sorry here, if you have two arms, two legs and are prepared to work there is no problem.
@@RobertChaplin-m7b fully support that, but the new generation wants an even playing field, if policies/governments favour the property investor then very few homeowners will remain in 20 years from now. (I work two jobs/12 hours a day plus some weekends (say once a month) but I do not qualify for an average home in any of the cities.)
@@1490aap I agree with you about a fair go but remember change is inevitable, you have to live with the present. We all have to deal with chance and luck and in my family we all assist one and other as best we can in this area. Also please remember housing has been an issue in Australia in the past, nothing new here, wages in the past were extremely poor compared with today and of course what is never mentioned we have so many new taxes and increased taxes that decrease spending power. It is a combination of all of these things. I do wish you the best of luck and if you keep working hard you will make it. As an aside I studied a financial discipline at a professional level and learnt how money actually works. I might be repeating myself here. It really paid off for me.
As Aussies of all ages know right now is neither labour or liberal governments will do anything even if they decide that will take months in the meantime we all get screwed just waiting fact .i don't know the answer to this but it would help right now to do something like rent freezes until they come up with a solution, at the moment everday Aussies are being screwed not just by the realestate industry but the supermarkets, this country has been hijacked by corporate greed and the ones who are suppose to protect us are part of the problem this isn't a labour thing or a liberal thing it's a corruption thing rife through all parts of our government, this didn't happen overnight it's been happening for a very long time at least from the Fraser era onwards and until this issue is fixed we all are screwed no matter wich government runs the show .camping places are going to make shit loads soon everyone will be living out of tents .
Don't forget apart from negative gearing, the depreciation rort for property that is actually increasing in value (not depreciating)! "For property, the tax advantage is depreciation. Depreciation is the reduction in an asset's value over time due to wear and tear. Property investors can claim depreciation expenses against their taxable income, even though they DON'T actually incur any out-of-pocket costs. You can claim depreciation on the property's building, and the internal fixtures and fittings. This can add up to thousands of dollars a year! Other tax deductions, such as interest expenses, require you to actually pay money to actually claim the expenses." 😮
Depreciation applies to the buildings (which get older and actually fall in value as they age, it's the land that goes up). You don't depreciate land, the value of property increases because of land scarcity. If someone only purchased the building and not the land, they would make a loss over time.
Try replacing a property at the same cost at some future time. The actual value of the house is decreasing as it is valued with a decreasing business metric ie the value of money decreasing. Your answer needs a little more thinking on it and made more factual to circumstances including inflation.
@RobertChaplin-m7b hahaha, so buy "cheap" older properties then! 🤣 Who replaces a depreciated building when you can sell for profit? Claiming depreciation as a tax deduction is fantastic. No money was spent, and the shortage of housing increases the value of the property (land it is on!) 😮 Guess you're not an investor or speculator?
@@multioptioned The simple answer everything depreciates over time ( except land itself) and depreciation is a legitimate expense in business and in investing wherever applicable. For your own benefit I would suggest you go see a qualified accountant for a full explanation as you may need it. In any case a dollar in say 1970 does not have the same value in itself as in 2024 so you are really now comparing apples with oranges. Inflation. Depreciation given/ received is also taken into account in the calculations of any capital profits made on the assets sale so there is an adjustment made if necessary. It all evens out to fact.
Negative Gearing costings PBO (done for The Greens), that's what your paying for, someone elses "lifestyle" pension. Fact: 20% of taxpayers negatively gear property. Of that 70% buy established property (Afternoon Briefung ABC24, 25 September 2024).
As soon as you hear “I want to be really clear” you can bet the lies will start flowing
I suppose bringing in half a million people a year has nothing to do with inflated property values 😂😂😂😂
Or lack of housing availability.
Capital gains changes started it but rapid population growth through immigration sustains it. Supply doesn't even come close to demand.
Will negative gearing go while people like Albanese have six houses? These people end up paying virtually no tax. Why do politicians say the are going to be clear before they start lying?
But he has been selling his investment properties… can we sue him for insider trading?
Albasleeey has been on the TEAT of AUSTRALIA for ALL HIS LIFE. He has never worked in a REAL JOB and gathered money like most LABOT POLIES DO, by IMBEZZLING or diverting funds to SELF. A couple of houses is CHICKEN FEED FOR HIM, PLAY MONEY. CORRUPT TO THE CORE TROTSKY COMMO is his ILK!
and if Albo didn't have those houses, you'd have 6 less available for rent -- you either get higher rents, lower rental availability, higher home buyer levels -- or you get lower rents, higher rental availability, lower home buyer levels -- no magic solution to anything -- just swings and roundabouts -- I don't care what they do as long as they provide reasonable lead times for people who have made investment decisions and retirement plans based on policy
Because they are clearly lying 😅😅
Wish he 20 houses and supply more rentals dude.
They don't wanna touch negative gearing for investor because they, themselves, own many houses and use negative gearing paying less or maybe no tax! They both lied!!!
Hold on. In 2019: the ALP took it to the election and got smashed. Now you wonder why ALP doesn’t want to do it. And let her talk stop interrupting. They are journalistic standards and she ain’t following them, letting the LNP speak and out their point forward.
Talking about cutting negative gearing costs politicians votes! Only an idiot would do the same again and expect a different result. It's always easier to never give something than to take it back. Politicians do what is popular, not what is right.
The answer is YES, they have asked treasury to do this. Her lie is very obvious. Treasury would not embark on something this controversial without been asked.
What a lot of rubbish, no answers,everything behind closed doors
The labor minister does bot know anything sbout negative gearing.
Please, no photos of Richworth.
This will push rents up further, if landlords can't get the tax break from the rent not covering the mortgage, an imbecile can see what they will do!! Raise rents so they do cover the mortgage.
Scrapping negative gearing and tax concessions will benefit Australia in the long term, making housing more affordable and helping Gen Z and Alpha achieve home ownership. Don't be one-sided by claiming rent will increase, it has many long-term benefits.
Classic example of not answering a question , pathetic , of course they will try to eliminate negative gearing and increase capital gains tax !!
I have to be very clear, I am not going to be very clear!!
u r already quite clear, can't be clearer than that😂
I hate when politicians say, “I want to be really clear” and then they don’t answer the question asked.
Amanda Rishworth is one of the most useless politicians in Australia. Just keeps repeating talking points.
Disgraceful performance by an elected representative on Australian morning television
What happened to the removal of stamp duty when the GST was introduced? A government cash cow. Think how many times stamp duty is paid...on the SAME property (=each time it is purchased). How much of a cash cow? E.g
"23.970 billion in Australian property stamp duty during 2020-21, which was a 7.6% increase on the year before."
And it's much more now 😮
Labor never answer questions!!🤬
Landlords will pass on the negative gearing changes to the tenant. Rent costs will double.
Labor at it again negative gearing I had several homes sold them Tennant repairs landlord insurance home ins repairs agents fees solicitors cost etc not worth it
Houses have gone up 40% since 2019. We’re crushing our younger generations. This debate lifts the veil on Australian greed.
Let’s end negative gearing and give Aussie families a fair shot at owning a home! Why are we still supporting wealthy investors while everyday Australians struggle? It’s time to put families first and stop feeding the rich!
Funny how Labor has pushed Shorten to debate Dutton on Negative Gearing, knowing well that Billie is retiring and most importantly with only one house instead of six that PM is holding !
Rort for the rich and robing taxes from the workers has been many years something dune faster the better support the country faster than legal crimes 😢😮😅😊
Need more landlords. They supply rentals.
How do you know Amanda is lying……her lips are moving
Rizworth has no idea what she is doing
Are treasure looking at high power prices
cgt and superannuation tax fifteen percent don't forget gst or hidden tax
There are Australian precedents here, why are they not mentioned. Perhaps, if you look, there were lessons learned in the past but are no longer liked by the establishment now or by current renters or prospective renters. I am of the opinion everyone whinges today just for whinging sake. My answer to this problem those many years ago was to have two jobs and stop spending unnecessarily. At times I also had a spare time cleaning job; add up all of these working hours per week and yes it was over 100 per week and I kept it up for just short of two years and as well I also had a wife and young child and rented. It works and it is still available to all. I succeeded as I just never give in, it takes guts, it takes purpose and it has a good ending and it was all worth it.
Looking at three property investors there. why is no one concerned for the millions of ausies locked out of the housing market? because we keep on voting Labor/Liberals.
@@1490aap I find this reply amusing. My generation (1950was taught to not look over the fence, you were on your own so work for it. No feeling sorry here, if you have two arms, two legs and are prepared to work there is no problem.
@@RobertChaplin-m7b fully support that, but the new generation wants an even playing field, if policies/governments favour the property investor then very few homeowners will remain in 20 years from now. (I work two jobs/12 hours a day plus some weekends (say once a month) but I do not qualify for an average home in any of the cities.)
@@1490aap I agree with you about a fair go but remember change is inevitable, you have to live with the present. We all have to deal with chance and luck and in my family we all assist one and other as best we can in this area. Also please remember housing has been an issue in Australia in the past, nothing new here, wages in the past were extremely poor compared with today and of course what is never mentioned we have so many new taxes and increased taxes that decrease spending power. It is a combination of all of these things. I do wish you the best of luck and if you keep working hard you will make it. As an aside I studied a financial discipline at a professional level and learnt how money actually works. I might be repeating myself here. It really paid off for me.
As Aussies of all ages know right now is neither labour or liberal governments will do anything even if they decide that will take months in the meantime we all get screwed just waiting fact .i don't know the answer to this but it would help right now to do something like rent freezes until they come up with a solution, at the moment everday Aussies are being screwed not just by the realestate industry but the supermarkets, this country has been hijacked by corporate greed and the ones who are suppose to protect us are part of the problem this isn't a labour thing or a liberal thing it's a corruption thing rife through all parts of our government, this didn't happen overnight it's been happening for a very long time at least from the Fraser era onwards and until this issue is fixed we all are screwed no matter wich government runs the show .camping places are going to make shit loads soon everyone will be living out of tents .
The lie started from when she opened her mouth
Cant wait until i see the lsst of Rishwortj
Don't forget apart from negative gearing, the depreciation rort for property that is actually increasing in value (not depreciating)!
"For property, the tax advantage is depreciation. Depreciation is the reduction in an asset's value over time due to wear and tear. Property investors can claim depreciation expenses against their taxable income, even though they DON'T actually incur any out-of-pocket costs.
You can claim depreciation on the property's building, and the internal fixtures and fittings. This can add up to thousands of dollars a year! Other tax deductions, such as interest expenses, require you to actually pay money to actually claim the expenses." 😮
Negative gearing supplies most of the rental properties in Australia
Depreciation applies to the buildings (which get older and actually fall in value as they age, it's the land that goes up). You don't depreciate land, the value of property increases because of land scarcity. If someone only purchased the building and not the land, they would make a loss over time.
Try replacing a property at the same cost at some future time. The actual value of the house is decreasing as it is valued with a decreasing business metric ie the value of money decreasing. Your answer needs a little more thinking on it and made more factual to circumstances including inflation.
@RobertChaplin-m7b hahaha, so buy "cheap" older properties then! 🤣 Who replaces a depreciated building when you can sell for profit?
Claiming depreciation as a tax deduction is fantastic. No money was spent, and the shortage of housing increases the value of the property (land it is on!) 😮
Guess you're not an investor or speculator?
@@multioptioned The simple answer everything depreciates over time ( except land itself) and depreciation is a legitimate expense in business and in investing wherever applicable. For your own benefit I would suggest you go see a qualified accountant for a full explanation as you may need it. In any case a dollar in say 1970 does not have the same value in itself as in 2024 so you are really now comparing apples with oranges. Inflation. Depreciation given/ received is also taken into account in the calculations of any capital profits made on the assets sale so there is an adjustment made if necessary. It all evens out to fact.
Once you have asian you don't want to go back to Caucasian 🇦🇺 💯 🎉🎉😂❤❤😂🎉😂🎉🎉😂😂😂❤❤❤❤❤❤❤❤❤❤❤
Being to smart, treasurey works for government.
Than restrict it to new builds.....
Negative Gearing costings PBO (done for The Greens), that's what your paying for, someone elses "lifestyle" pension.
Fact: 20% of taxpayers negatively gear property. Of that 70% buy established property (Afternoon Briefung ABC24, 25 September 2024).
Negative gearing helps people get ahead…… how pathetic is your society if they actually want everyone to be poor together 😅🏳️🌈
Collingwood premiership twilight or night grand final premiership twilight or night grand final 2025 🎉🎉😂😂❤❤❤❤🎉🎉🎉😂😂❤❤❤❤❤❤❤❤❤❤❤
Albo's finished